New Delhi: RBI Governor, Shaktikanta Das expressed his concerns about currently trending- cryptocurrency. He also talked about fuel prices; he said co-ordination needed between state and centre on reduction of taxes. According to Das, MSME are a main driving force in the country’s economic growth. He believes that the nation is about to see turnaround in its fortunes very soon. He also asked corporate to invest in healthcare.
TOP POINTS
- Manufacturing sector is spearheading growth recovery.
- MSME sector in India has emerged as growth engine of economy.
- Corporates need to invest more in healthcare sector.
- We have certain concerns on cryptocurrencies.
- India is at cusp of turnaround in fortunes.
- We are working on improving our regulatory architecture for MFI sector.
- Refining regulatory architecture on asset reconstruction companies on cards.
- Fuel price hike has cost-push factor; need for coordinated action between centre, states on reduction in taxes on fuel prices.
- We have sharpened and deepened our areas of supervision.
- We have precise idea of build up of stressed assets in banks; Indian financial sector in much better place now than earlier.
WATCH
Keynote address by Shri Shaktikanta Das, RBI Governor in the 185th Foundation Day Celebration of BCC https://t.co/L1lO7K7xPJ
— ReserveBankOfIndia (@RBI) February 25, 2021